An EOQ model for deteriorating items with time-varying demand and shortages

Chinho Lin, Bertram Tan, Wen Chuan Lee

Research output: Contribution to journalArticlepeer-review

56 Citations (Scopus)

Abstract

The study explores the inventory replenishment policies for the cases with time-varying demand, linearly increasing deterioration rate, partial back-ordering, constant service level and equal replenishment intervals over a fixed planning horizon. Since it is difficult to solve the problem directly, we derive the upper bound of replenishment number for a specific planning horizon and find the solution of service level under a given number of replenishment. The optimal solutions of replenishment number and service level are then determined. Numerical examples and sensitivity analyses are also provided to illustrate the solution procedure.

Original languageEnglish
Pages (from-to)391-400
Number of pages10
JournalInternational Journal of Systems Science
Volume31
Issue number3
DOIs
Publication statusPublished - 2000 Mar

All Science Journal Classification (ASJC) codes

  • Control and Systems Engineering
  • Theoretical Computer Science
  • Computer Science Applications

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